NYMT dividend – NYMT Cuts Dividend by Third to $0.20 Per Share

🌥️Trending News

NEW ($NASDAQ:NYMT): The company said the reduction was necessary to ensure the long-term sustainability of the dividend. NYMT is a real estate investment trust that invests in residential and commercial mortgage-backed securities, as well as other financial assets. NYMT is focused on providing attractive returns to shareholders through its dividend policy, as well as providing reliable liquidity for its customers. The dividend cut comes as NYMT continues to face economic headwinds.

Although the company is still generating positive returns, they are at lower levels than what shareholders have become accustomed to. By reducing the dividend, NYMT hopes to preserve its capital and maintain its long-term financial strength. NYMT has stated that it will continue to review its dividend policy regularly, with a focus on ensuring long-term sustainability and a return of value to shareholders.

Dividends – NYMT dividend

Over the last three years, the annual dividend per share has been 1.4, 1.6 and 1.6 USD respectively, making the current rate a significant cut. Despite the drastic decrease in dividends, NEW YORK MORTGAGE TRUST still offers a 14.08% dividend yield for 2021, followed by 13.69% yields for 2022 and 9.09% yields for 2023, totaling an average dividend yield of 12.29%. If you are keen on investing in dividend stocks, you may add NEW YORK MORTGAGE TRUST to your list of considerations.

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for NYMT. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for NYMT. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for NYMT. More…

Key Ratios Snapshot

Some of the financial key ratios for NYMT are shown below. More…

Market Price

On Friday, NEW YORK MORTGAGE TRUST stock opened at $8.9 and closed at $8.5, plunge by 11.0% from prior closing price of 9.6. This marks a drastic decline, partly due to the news that the company has decided to reduce its dividend by a third to $0.20 per share. This cut is likely to have a negative impact on the stock’s price in the near term. Live Quote…

Analysis – NYMT Intrinsic Stock Value

At GoodWhale, we recently performed an analysis of the wellbeing of NEW YORK MORTGAGE TRUST. Using our proprietary Valuation Line, we were able to determine a fair value of the NEW YORK MORTGAGE TRUST share to be around $8.0. Currently, NEW YORK MORTGAGE TRUST stock is trading at $8.5 on the market, this is a fair price but is slightly overvalued by 6.1%. More…

Peers

The competition between New York Mortgage Trust Inc and its competitors, Ellington Residential Mortgage REIT, AGNC Investment Corp, and Cherry Hill Mortgage Investment Corp, is intense. Each company is vying to offer the best mortgage products and services to their customers, in a bid to remain competitive in the industry. With a commitment to quality, these companies are striving to set the standard for excellence in the mortgage industry.

– Ellington Residential Mortgage REIT ($NYSE:EARN)

Ellington Residential Mortgage REIT is a publicly traded mortgage real estate investment trust (REIT) based in Old Greenwich, Connecticut. As of 2022, the company has a market capitalization of $92.05 million. The company specializes in investing in residential mortgage-backed securities and mortgage-related assets, such as residential mortgage loans, mortgage servicing rights, and other financial instruments. The company’s objective is to generate attractive risk-adjusted returns for its shareholders by actively managing these investments. It also provides services to assist in the management of residential mortgage-backed securities and other mortgage-related assets.

– AGNC Investment Corp ($NASDAQ:AGNC)

AGNC Investment Corp is a real estate investment trust (REIT) specializing in residential mortgage loans and mortgage-backed securities. As of 2022, the company has a market cap of 5.99 billion dollars, making it one of the largest REITs in the United States. AGNC invests primarily in agency-issued mortgage-backed securities, which are secured by government-sponsored entities such as Fannie Mae and Freddie Mac. The company also invests in other debt instruments and equity securities, as well as non-agency mortgage-backed securities. AGNC has a long track record of providing investors with attractive dividend yields and capital gains potential through its portfolio of high-quality investments.

– Cherry Hill Mortgage Investment Corp ($NYSE:CHMI)

Cherry Hill Mortgage Investment Corp is a real estate investment trust (REIT) that invests in mortgage-backed securities. The company’s market capitalization is 121.95 million as of 2022. This market capitalization is based on the company’s outstanding shares and stock price. Cherry Hill Mortgage Investment Corp is focused on providing financing to residential real estate markets and is a leading provider of residential mortgage loans in the United States. The company’s portfolio consists of mortgage-backed securities, residential whole loans, and loan servicing rights. The company’s objective is to generate attractive risk-adjusted returns to its shareholders.

Summary

New York Mortgage Trust (NYMT) is a real estate investment trust (REIT) that invests in residential and commercial mortgage-backed securities. Investors should take this dividend cut into consideration when evaluating NYMT’s future performance, as it indicates the company’s current financial situation. Nonetheless, the company has a long track record of consistent dividend payouts and remains one of the higher yielding mREITs in its sector. As NYMT continues to diversify its portfolio investments and bolster its liquidity, investors may begin to see the stock price return to pre-dividend cut levels in the near future.